Storebrand ASA (OTCMKTS:SREDF) Sees Significant Increase in Short Interest

Storebrand ASA (OTCMKTS:SREDF) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 862,300 shares, a growth of 82.2% from the September 30th total of 473,400 shares. Based on an average daily volume of 100 shares, the short-interest ratio is currently 8,623.0 days. Based on an average daily volume of 100 shares, the short-interest ratio is currently 8,623.0 days.

Storebrand ASA Stock Performance

OTCMKTS:SREDF opened at $15.34 on Friday. The company’s 50 day moving average price is $15.34 and its 200-day moving average price is $13.30. Storebrand ASA has a 52 week low of $10.75 and a 52 week high of $15.34.

Storebrand ASA Company Profile

Storebrand ASA provides insurance products and services in Norway, the United States, Japan, and Sweden. It operates through four segments: Savings, Insurance, Guaranteed Pension, and Other. The Savings segment offers retirement savings, defined contribution pensions, asset management, and retail banking products.